Hi Traders! ? Let me walk you through an exciting analysis using Gann levels on the FIDA/USDT daily chart. If you’re not familiar with Gann, it’s a method that combines price and time to identify critical turning points. This chart is built on Gann’s geometric principles, plotting angles and levels to forecast potential moves. Let’s dive into the bullish and bearish scenarios based on this chart. ? Bullish Scenario: Key Support: The price must hold above the current level of $0.2339. Next Bullish Target Levels: $0.252506 (630°): This is the immediate resistance. If the price breaks this level, momentum can push higher. $0.304766 (540°): A critical target where the price may face strong selling pressure. $0.362471 (450°): A breakout beyond this could trigger further upside, signaling a continuation of the bullish trend. $0.425177 (360°): A significant level, marking a potential top in the short term. If the price successfully closes above $0.425177, the next targets could align with $0.492883 (270°) and $0.565588 (180°). Bearish Scenario: Immediate Resistance: The current price is near $0.2339, and any failure to sustain above this level could signal weakness. Bearish Targets: $0.204354 (720°): If the price dips below this level, it suggests increasing bearish pressure. $0.161649 (810°): This is a strong support zone where bulls may try to defend. $0.123943 (900°): A break below this would confirm a deeper bearish trend. $0.091238 (990°): A significant support level to watch out for. $0.063532 (1080°): The ultimate bearish target in case of a prolonged downtrend. Key Notes for Interpretation: These Gann levels act as potential support and resistance zones, which may guide the price movements. In a bullish trend, the price should respect higher Gann angles and consistently break resistance levels. In a bearish trend, breaking below support levels could lead to further downside, aligning with the Gann methodology. Wish you best of luck trading.
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Entry: Current market price Take Profit: 188.488 Stop Loss: 192.889 GPB/JPY is forming a clear Head and Shoulders pattern on the daily chart, signaling a potential bearish reversal. After trading in an uptrend for some time, We expect a move lower with further correction potential, and a pullback is likely. The risk is limited with a stop above the head at 192.889 SHORT ? ✅ Like and subscribe to never miss a new analysis! Telegram : t.me/IsmaTradingPro
You should be calm and patient during this volatility. The $TRUMP and $MELANIA tokens were just short-term liquidity black holes, and they onboarded hundreds of thousands of people into crypto. This means that many people sold their existing tokens, including CRYPTOCAP:BTC , to rush and buy them. However, as the hype dies down, the money will go back into altcoins, and they will bounce, similar to what happened with PSX:SNAI today (+90%). Trump hasn't announced a CRYPTOCAP:BTC Strategic Reserve yet, but he did buy GETTEX:47M worth of CRYPTOCAP:BTC today, so this is still very bullish. He will likely announce the reserve once he is positioned well. Just stay patient and DIAMOND HANDS.
currently forming asian range, it'll take out the high, then drive down for New York session
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- There was a question about how to select the selection point when using the Trend-Based Fib Extension tool, so I will take the time to explain the method I use. Since it is my method, it may be different from your method. - Before that, I will explain the difference from the general Fibonacci retracement tool. The Fibonacci retracement tool uses the Fibonacci ratio as the ratio to be retracement within the selected range. Therefore, the low and high points are likely to be the selection points. The reason I say it is likely is because the lowest and highest points are different depending on which time frame chart it was drawn on. Therefore, in order to use a chart tool that specifies a selection point like this, you must basically understand the arrangement of candles. If you understand the arrangement of candles, you can draw the support and resistance points that make up it and determine the importance of those support and resistance points. The HA-MS indicator that I am using is a more objective version of this. Unlike the published HA-MS indicator, several have been added. I do not plan to disclose the formulas of these added indicators yet. However, if you share my ideas, you can use them normally at any time. https://www.tradingview.com/x/5CE0ExCH/ The selection point for using the current Fibonacci retracement tool is the point that the fingers are pointing to. In other words, the 1st finger is the low point, and the 2nd finger is the high point. One question may arise here. Why is it the position of the 1st finger? The reason is that it is the starting point of the current wave. Therefore, you can find out the retracement ratio in the current rising wave. In fact, it is not recommended to use the Fibonacci ratio as support and resistance. This is because it is better to use the Fibonacci ratio to check how much wave is being reached and how much movement is being shown in chart analysis. However, the Fibonacci ratio can be usefully used when the ATH or ATL is updated. - If the Fibonacci Retracement tool was a chart tool that found out the retracement ratio in the current wave, the Trend-Based Fib Extension tool can be said to be a chart tool that found out the extension ratio of the wave. Therefore, while the Fibonacci Retracement tool requires you to specify two selection points, the Trend-Based Fib Extension tool requires you to specify three selection points. That's how important it is to understand the arrangement of the candles. https://www.tradingview.com/x/58oWCnce/ The chart above is an example of drawing to find out the extension ratio of an uptrend https://www.tradingview.com/x/ktejf22E/ The chart above is an example of drawing to find out the extension ratio of a downtrend Do you understand how the selection points are specified by looking at the example chart? - https://www.tradingview.com/x/pi70wELy/ The chart above is the chart when the 1st finger point is selected. https://www.tradingview.com/x/MLAy5Ar5/ The chart above is the chart when the 1-1 hand point is selected. When drawing on a lower time frame chart, you should be careful about which point to select when the arrangement of the candles is ambiguous. Examples include the 1st finger and the 1-1 finger. It may be difficult to select 1-1 and 1 depending on whether they are interpreted as small waves or not. The lower the time frame chart, the more difficult this selection becomes. Therefore, it is recommended to draw on a higher time frame chart if possible. The reason is that the Fibonacci ratio is a chart tool used to analyze charts. In other words, it is not drawn for trading. In order to trade, you trade based on whether there is support or resistance at the support and resistance points drawn on the 1M, 1W, and 1D charts. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
Here on ETHUSD price for a demand zone around level of support of 3171.75 and is likely to go up more so trader should go for long with expect profit target of 3542.76 and 3986.44 with stoploss of 2877.24 . Use money management
There could be a bullish move today to 111k Stop loss: 100.32 Take profit: Around 111
ONDO trying to confirm breakout of this descending channel. Keep your peepers on this one!
Supporting holdingstrong buyers think it's cheap On Technical aepect a double bottom almost 3 bounces with bullish divergence Dont forget SL